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👑 Ideas For #XAUUSD / #GOLD
📈 Recovery and retest of resistance. Downtrend
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GOLD has been recovering since the start of the session thanks to a weak dollar, but further growth is uncertain. However, the price is still below the key range and important levels
At the beginning of the week, gold rebounded from monthly lows amid a weakening US dollar, which remains under pressure due to trade disputes with Japan, uncertainty surrounding the budget, and expectations of a Fed rate cut in September.
However, the technical picture for gold remains bearish, and further dynamics will depend on new statements from Fed officials, labor market data, and Jerome Powell's speech on Tuesday.
Technically, after breaking through the global range support, the price is forming a correction and testing 3294. Before a possible rise to 3320 or to the 0.7 Fibonacci zone, a correction to 3271 may form, which will determine the further development of the situation.
Support levels: 3271, 3255, 3245
Resistance levels: 3294, 3320, 3347
A retest of 3295 (0.5) Fibonacci is forming. There is a possibility of a false breakout with a possible correction. If, during the correction, buyers keep the price above 3271 and return to retest 3294, we will have a chance to attempt growth to 3320 - 3347
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Читать полностью…👑 Ideas For #XAUUSD / #GOLD
📈 Within range. Retest resistance at 3347
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GOLD continues to correct after a false breakdown of support at 3300. Due to uncertainty, the price may remain in the range of 3300-3340 for some time.
Gold is fluctuating amid a weak dollar and uncertainty over Fed rates. Gold is struggling to hold on after rebounding from weekly lows, despite the US dollar falling to multi-year lows. Pressure on the dollar has intensified due to Trump's criticism of the Fed and rumors of a possible replacement for Powell. However, gold is limited in its growth due to a pause in geopolitical tensions and hawkish signals from the Fed chair. Investors are awaiting key macro data from the US (e 12:30 GMT Durable goods orders, GDP, Initial Jobless Claims) and especially the PCE inflation report on Friday.
Technically, the focus is on key areas of interest: 3300, 3306, 3340, 3347. Until strong news emerges, an intraday trading strategy should be considered.
Resistance levels: 3347, 3357
Support levels: 3320, 3307, 3300
Technically, a false breakout of resistance at 3347 and a retest of the local liquidity zone at 3320-3307 are possible before growth continues for the reasons mentioned above. Targets could be 3347, 3364, 3372, and 3396
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XAUUSD buy now @ 3358
tp @ 3365
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Sl @ 3352
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Читать полностью…The US has reportedly dropped 5–6 bunker-buster bombs on Iran’s Fordow nuclear site and launched 30 Tomahawk missiles at targets in Isfahan and Natanz.
❗️A major escalation—this could mark the US entering war with Iran.
Market Reaction:
Markets will be focused on the impact on oil prices and inflation. A spike in inflation could hurt consumer confidence and reduce chances of near-term rate cuts.
The extent of damage, risk of further escalation, and broader geopolitical fallout (including sanctions or wider conflict) will be key.
• Markets may gap on open due to the overnight shock.
• Oil and gold may spike—but gold’s past behavior during this conflict has been mixed.
• Cryptocurrencies are down; US indices (S&P 500, Nasdaq, Dow) likely to fall.
• Forex will hinge on USD reaction—capital outflows from the dollar could lift other currencies.
Close at entry point it’s looking still risky
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Читать полностью…👑 Ideas For #XAUUSD / #GOLD
📈 Local bearish trend. Retest of support
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GOLD is technically looking a little weak. Support is being retested amid de-escalation of geopolitical conflicts in the Middle East. Interest in the metal is waning
On Friday, gold remains under pressure ahead of data on the core PCE index, a key inflation indicator for the Fed. If inflation turns out to be higher than expected, this could strengthen expectations of a rate cut as early as July, supporting gold. The probability of a July cut is currently estimated at 21%, and 75% for September. Amid dollar volatility caused by rumors of a possible Fed chair replacement and trade negotiations with the EU and China, traders remain cautious, awaiting clarity on inflation and monetary policy
Technically, before falling, gold may form a correction to 3320 (liquidity capture).
Resistance levels: 3320, 3336, 3347
Support levels: 3293, 3271
If the fundamental background remains unchanged and gold continues to decline towards support at 3293 and break through this level, the breakout could lead to a fall to 3271. However, I do not rule out the possibility that after a sharp decline, a correction to 3320 could form before the fall
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XAUUSD add more buy @ 3314
SL set at @ 3309 for both entries
👑 Ideas For #XAUUSD / #GOLD
📈 Declining interest. Retest of support
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GOLD experienced significant volatility toward the end of the US trading session. This was due to developments in the Middle East. The de-escalation of the situation is leading to a decline in interest in the metal
The announced ceasefire between Iran and Israel has reduced demand for gold as a safe-haven asset, while falling oil prices have reduced its appeal as a hedge against inflation. Gold is supported by expectations of a Fed rate cut in July. The focus is on Fed Chair Powell's testimony before Congress and further developments in the Middle East.
Technically, the price confirms the local bearish structure. A continued assault on the 3340 support level could trigger a further decline.
Support levels: 3343-3340, 3320
Resistance levels: 3360, 3366
Focus on the trading range (consolidation) 3340 - 3400. De-escalation of the conflict in the Middle East may lead to a decline in interest in gold as a hedge asset, which may cause the price to break down of consolidation. If the retest of 3340 continues, the price will begin to contract before the level, in which case the chances of a breakdown and decline will only increase. The target will be the liquidity zone of 3320 - 3306
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#XAUUSD / #GOLD - a brief overview
On Friday the price formed the exit from the bearish wedge - a bullish figure of technical analysis. The price fixing above the nearest support may become the beginning of the trend resumption growth).
Fundamentally: the situation is not very positive for the economic state of the world, risks are growing, capital should move to a safe harbor, which is gold.
Because of what happened this weekend, it will be difficult to say exactly from what levels and in what direction to expect the price movement because of the chance of gaps on the chart.
What can be done now? Wait for the price to open and watch what gold will do. If there will be no reaction and the bulls will start to consolidate above 3360 with hints of growth (formation of local choch/ bos), then in this case we are waiting for growth to 3396- 3420 - 3446.
If there will be a break up, then we follow these levels. If the reaction to the retest of the levels will be weak and the price will start to return to the assault and shrink to the level, then we wait for a breakout and growth.
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XAUUSD buy now @ 3347
tp @ 3362
tp 2 @ 3390
Sl 3340